RADNOR, Pa., December 7, 2024 – (JCN Newswire) – – The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) notifies investors that a securities class action lawsuit has been filed against Securities in Celsius securities (NASDAQ:), Inc. (Celsius) (NASDAQ: CELH) on behalf of those who purchased or otherwise acquired shares of Celsius common stock between February 29, 2024 and September 4, 2024, inclusive (the Class Period). The lead applicant deadline is January 21, 2025.
CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP:
If you have experienced Celsius losses you can CLICK HERE or go to: https://www.ktmc.com/new-cases/celsius-holdings-inc?utm_source=PR&utm_medium=link&utm_campaign=celh&mktm=r
You can also contact attorney Jonathan Naji, Esq. by calling (484) 270-1453 or by email at info@ktmc.com.
DEFENDANTS ALLEGE MISCONDUCT:
The Complaint alleges that, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Celsius inventory was materially oversold to Pepsi , well beyond demand, and faced a looming sales cliff during which Pepsi would significantly reduce its purchases of Celsius products; (2) as Pepsi reduced significant quantities of its excess inventory, Celsius's sales would decline significantly in future periods, which would harm Celsius's financial performance and prospects; (3) Celsius' sales rate to Pepsi was unsustainable and created a misleading impression about Celsius' financial performance and prospects; (4) as a result, Celsius' business metrics and financial outlook were not as strong as indicated in Defendants' Class Period Statements; and (5) therefore, Defendants' statements regarding Celsius' prospects and expected financial performance were false and misleading at all relevant times.
THE LEAD PLAINTIFF PROCESS:
Celsius investors may, on or before January 21, 2025, seek appointment as representative lead plaintiff for the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may elect to do nothing and to remain an absent member of the group. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead applicant is generally the investor or a small group of investors who have the greatest financial interest and who are also suitable and typical of the proposed investor class. The lead plaintiff selects an attorney to represent the lead plaintiff and the class and those attorneys, if approved by the court, are the lead attorneys or class counsel. Your ability to participate in any recovery is not affected by whether you become lead plaintiff. Kessler Topaz Meltzer & Check, LLP encourages Celsius investors who have suffered significant losses to contact the firm directly for more information.
CLICK HERE TO REGISTER OR GO TO:
https://www.ktmc.com/new-cases/celsius-holdings-inc?utm_source=PR&utm_medium=link&utm_campaign=celh&mktm=r
ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP:
Kessler Topaz Meltzer & Check, LLP pursues class actions in state and federal courts across the country and around the world. The company has developed a global reputation for excellence and has recovered billions of dollars for victims of fraud and other malpractice. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, abuse, misconduct and negligence by companies and fiduciaries. The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com.
CONTACT:
Kessler Topaz Meltzer & Check, LLP, Jonathan Naji, Esq., (484) 270-1453, 280 King of Prussia Road, Radnor, PA 19087, info@ktmc.com
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